ROYAL GOLD INC — Director's Dealing 2005

Nov 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2005-11-08

Reporting Person: JENSEN TONY A (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-08	Common stock	A	15000	—	Acquired	30000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-08	Employee stock option - right to buy ISO	$22.22	M	4500	Acquired	2015-11-08	Common stock (4500)	Direct
2005-11-08	Employee stock option - right to buy NSO	$22.22	M	10500	Acquired	2015-11-08	Common stock (10500)	Direct
2005-11-08	Performance awards	$0	A	10000	Acquired	2010-11-10	Common stock (10000)	Direct

Footnotes

F1: Grant of restricted stock.

F2: One-third vesting annually over three years.

F3: One-third vesting annually over three years.

F4: A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.